"Boeing's Q4 2023 Earnings: Navigating Crisis and Expectations"

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Source: CNBC
"Boeing's Q4 2023 Earnings: Navigating Crisis and Expectations"
Photo: CNBC
TL;DR Summary

Boeing's quarterly loss narrowed, but the 737 Max 9 crisis looms over future results as a fuselage panel blew out midflight on a nearly new 737 Max 9, raising questions about the company's financial targets. The company did not provide a 2024 outlook, and CEO Dave Calhoun is under pressure to address the company's reputation with airline customers, regulators, and the public. Federal investigators are examining production flaws, and the FAA has cleared the Max 9 to fly again but halted Boeing's planned production ramp-up. Delays in production could impact financial targets and affect suppliers and customers, while Boeing executives face questions about the certification timeline for other Max models.

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